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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Teresa Lo who wrote (1240)	8/28/2001 7:55:06 PM
From: Vendit™	Read Replies (1) of 8752

Looking at the daily time frame and considering the last three days only; I can't recall seeing too many recent "inverted U turn" shaped tops. Someone needs to coin an acronym for that volatile formation. I can think of a few but they all violate SI TOU.<g> askresearch.com The sudden shifts in direction are trend line related IMO. The wedge is narrowing the trading range to an uncomfortable very small area for both bulls and bears. More downside at open tomorrow is what I expect to see.

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